Lightning Labs and Tari have agreed to change the restraining order in their trademark dispute.
Tari Labs, the plaintiff in the suit against the project, has received criticism from the cryptocurrency community, with some people opining that the legal action was without merit.
In a filing on March 15, lawyers for Lightning and Tari have proposed converting a restraining order to a preliminary injunction. This temporary order would prevent either party from taking certain actions. This step is the latest development in an ongoing legal dispute between the two parties, and the outcome of this injunction could have major implications for the companies involved. Lawyers from both sides are hopeful that the preliminary injunction will be granted, and they will continue to monitor the situation closely as it develops.
A court has issued an order to convert the case to a preliminary injunction, putting a halt to the development of the new protocol until a decision has been made. The order came as a result of a legal dispute over the protocol, which has been in the works for some time, and could have a major impact on the project.
In a recent development, two firms have come to an agreement regarding the Taro protocol. Lightning, the firm in charge of the protocol, will not make any updates, merge any internal updates to the open-source code, nor announce or launch any “milestone” of the TARO protocol. This agreement will ensure that the protocol remains secure and up-to-date with the latest technology advancements.
In a recent announcement, the Tari protocol has announced that it will be changing its name. The protocol has asked its users to refer to the “prior name of the protocol”, Taro, in announcements pertaining to the name change, as long as it is not “confusingly similar” to either Taro or Tari. This change is intended to help differentiate Tari from its predecessor.
On March 13, California District Court Judge William Orrick issued a temporary restraining order in response to complaints from Tari Labs, who argued that the name "Taro" infringed on their trademark rights. Tari Labs stated that the name "Taro" was too close to their own protocol, "Tari", which is a registered trademark in the United States. The restraining order is meant to ensure the protection of Tari Labs' trademark rights.
On Dec. 8, Tari Labs filed a trademark infringement complaint against Lightning Labs, alleging that both companies provide similar services and compete in the same digital blockchain ecosystem. According to the complaint, some of the services provided are in some cases even identical. This move comes as both companies continue to grow in the digital blockchain space and compete for market share. It remains to be seen how this complaint will affect the relationship between the two companies.
The news of the restraining order has sparked a wave of reaction on Twitter, with Tari Labs co-founder Riccardo Spagni coming out in defense of the lawsuit. Spagni argued in a March 15 tweet that the letters 'I' and 'O' are close enough together on a computer keyboard to lead to confusion, and that Tari had offered to fund Taro's rebrand a year ago. The tweet has since been met with mixed reactions from the community.
On the contrary - if you don’t defend a trademark you literally lose it. Also the i and o are next to each other on the keyboard; their own counsel mistyped it. Last thing I’ll say is that we (1) reached out ages ago, multiple times, via email / Twitter DM / in person at a… https://t.co/k65HU4xKfp— Ric “el pony esponjoso” (@fluffypony) March 15, 2023
A recent lawsuit defended by Tari co-founder Naveen Jain has been met with skepticism from some Twitter users, one of whom called it "frivolous". Jain, however, argued that such a judgement is hard to make when a judge has issued a temporary restraining order in favor of the lawsuit. Jain's statement has been met with both approval and criticism, but the legal case is still ongoing.
you are welcome to your opinion. That said, it's hard to call something "frivolous" when a judge issues a temporary restraining order in your favor.— Naveen (,) (@NaveenSpark) March 16, 2023